Euro Area Inflation Accelerates Above Expectations in April, Likely to Slow down in May

Inflation in the euro area accelerated above consensus expectations in April. The headline inflation rose to 1.9 percent year-on-year from 1.5 percent recorded in the prior month. Consensus expectations were for the inflation to rise to 1.8 percent. Core inflation was the main driver that rose to 1.2 percent year-on-year from 0.8 percent. Core inflation Read more about Euro Area Inflation Accelerates Above Expectations in April, Likely to Slow down in May[…]